US upstream Q3 earnings likely to focus on 2023 capex, E&P production levels

Third-quarter 2022 earnings for US oil and gas producers are likely to focus on E&Ps’ outlook for their capital budgets for both 2022 and 2023, and any change in drilling programs and production levels for either year, especially in light of the recent OPEC+ agreement to cut production from current output levels. Announcement of the 2 million b/d cuts, which…